We’ve got a couple of casting stories to share this afternoon. First up, Lindsay Lohan has joined director Paul Schrader’s indie sexual thriller The Canyons. The script was written by American Psycho author Bret Easton Ellis and the early logline states that the film centers on a group of students who are trapped in shark-infested waters by a lunatic. Ellis broke the news of Lohan’s involvement via Twitter, and THR confirms that she’s in talks to star opposite porn star James Deen.

The report has a slightly different synopsis than the shark-centered one, as THR says it follows sex and crime among a group of young twentysomethings in Los Angeles. Deen will be playing “a manipulative trust-fund kid with dreams of making a movie” and Lohan plays his materialist girlfriend. Hit the jump for news concerning Steven Soderbergh’s Liberace biopic Behind the Candleabra.

Additionally, Singin’ in the Rain star Debbie Reynolds is set to join Michael Douglas and Matt Damon in Steven Soderbergh’s Liberace pic Behind the Candleabra. Douglas is set as the famed singer, Damon will play Liberace’s live-in lover, and Variety reports that Reynolds will play Liberace’s mother. The film won’t be released theatrically, but instead is being produced to air on HBO. Production is set to get underway later this summer, with Dan Aykroyd also involved as part of the cast.